LATE MESSAGES

Greymouth Evening Star, 29 July 1937, Page 8

LATE MESSAGES

AUCKLAND, July 29

The annual meeting of New Zealand Forests Products Limited, formed with £11,000,900 capital to market pine forests planted by New Zealand Perpetual Forests, was held to-day. The Chairman, Mr D. Henry, emphasised that bondholders’ contracts had provided 1 for 20 years’ maintenance so that even the oldest trees had still eight years to run, and bondholders might expect that time to elapse before looking for realisation on their investment. However, his company had only been formed just over a year, and were exercising the utmost expedition in their marketing venture. However, until the terms of contract between New Zealand Perpetual Forests for maintenance had been assessed and taken over by the new company, they could not enter into possession of the forest, and to that extent their efforts were being delayed. Sir Charles Marr of Sydney, _ was present, and stated that, a majority of ihe shareholdings wore Australian, and he looked upon it as a good investment. WELLINGTON, July 29. The Marketing Minister announces that until the guaranteed prices for butter and cheese for next season are decided upon, provision has been made for the continuation of the present prices. Variations in price which have applied in respect to butter packed in saranac boxes are to cease in future. Equalisation of butter-box costs will be effected by the Dairy Board through the mediupa of its pool. The Government, however, will continue to pay a premium of one-thirty-second pence per pound in respect to unsalted butter, that, at the request of the Department, is in special cases wrapped in aluminium parchment foil and packed in boxes other than of the saranac quarter-inch type.

BRUSSELS, July 28. The death-roll in the air-liner disaster is fifteen.

VENICE, July 29

The Duke and Duchess of Windsoi arrived at Venice, on a pleasure trip. The Duke of Windsor immediately inquired about, ndws from England and was apprised of the facts about Ihe explosion at Belfast.

PARIS. July 28. France has accepted the non-inter vention plan.

WELLINGTON, July 29.

“I do not. see there is' any cause to be hysterical, but the position is far front being - easy,” said. Mr Savage, today, when questioned about his impressions of the international situation. “People generally look upon Great Britain as the greatest single factor in Ihe preservation of peace that is appreciated everywhere. When you are brought face to face with the problems, you find they aren’t the simple things they appear to have been.” He found there was general agreement that the expansion of trade was a step in the direction of peace. People do not want to go to war because they want to go to war. He said greater attention must be given in future to trade expansion. Remarking on the striking evidences he had seen of the development of Britain’s air services, he said that if anyone thought Britain was standing still in this respect, he had some more thinking to do. Great Britain was not standing still.